Overall, work starting on site averaged £10,372m per month in 2024, up 20% from 2023.
Construction Growth in 2024
2024 has emerged as a pivotal year for construction, with significant gains in major project starts and steady growth in underlying activity.
A recent data report has revealed that construction project starts in 2024 were 20% above the levels recorded for 2023. Overall, work starting on site averaged £10,372m per month in 2024, up 20% from 2023.
Major projects (£100m or more) saw a 58% increase, further highlighting a renewed confidence in large-scale developments.
Strongest Performing Sectors in 2024
Among the strongest performing sectors in 2024, hotel and leisure construction starts (sub £100m) soared by 30%, while education projects rose by 7%. Civil engineering also flourished, with starts in infrastructure (up 17%) and utilities (up 14%) leading the charge.
Despite budget constraints and concerns over tax changes dampening growth in late 2024, the outlook for 2025 is positive.
Mick George – Construction Industry Leaders
Our in-depth industry knowledge and experience, plus an unwavering commitment to providing reliable and professional services, has led the Mick George Group to become the number one choice in the Construction Industry.
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